Nominee vs legal heir: Why your PF, gratuity may not go where you think
Clipped from: https://www.business-standard.com/finance/personal-finance/nominee-vs-legal-heir-why-your-pf-gratuity-may-not-go-where-you-think-126041701064_1.html Nomination enables payout, but ownership follows the will or succession law, says expert A nominee in provident fund (PF) or gratuity does not
*Misreported income? This can cost you 200% tax penalty — What you should know – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/misreported-income-this-can-cost-you-200-tax-penalty-what-you-should-know-526204-2026-04-17 Misreporting your income in ITR can lead to steep penalties of up to 200% of the tax due under Section 270A. Even small
Gold loan boom sees early stress; delinquencies rise with borrower leverage
Clipped from: https://www.business-standard.com/finance/personal-finance/gold-loan-boom-sees-stress-as-delinquencies-rise-with-borrower-leverage-126041500456_1.html Rapid expansion has made gold loans the second-largest retail credit segment, but rising borrower leverage and repeat borrowing patterns are prompting calls for
*Income tax rules 2026: Who is taxed on gifts, property and asset transfers? – BusinessToday
lipped from: https://www.businesstoday.in/personal-finance/tax/story/income-tax-rules-2026-who-is-taxed-on-gifts-property-and-asset-transfers-526169-2026-04-17 In India, asset transfers, whether through sale, exchange, or gift, are typically treated as capital gains and taxed in the year the transfer
*Man sells shares, invests Rs 40 crore capital gains to buy 6 luxury flats; tax exemption on gains denied – ITAT still gives relief – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/man-sells-shares-invests-rs-40-crore-capital-gains-to-buy-6-luxury-flats-tax-exemption-on-gains-denied-itat-still-gives-relief-4209951/ Mumbai ITAT has ruled that six flats spread across three floors can be treated as one residential house for tax exemption under Section
*Employee fined Rs 10 lakh over lack of ESOP disclosure in ITR; here’s why ITAT Chennai cancelled it – The Economic Times
lipped from: https://economictimes.indiatimes.com/wealth/tax/employee-fined-rs-10-lakh-over-lack-of-esop-disclosure-in-itr-heres-why-itat-chennai-cancelled-it/articleshow/130320585.cms When Mr Kumar was working abroad with Vedanta Limited, he received employee stock options (ESOPs) from the foreign parent company, Vedanta Resources PLC (UK). These shares
Travel Insurance: Check these things before taking that summer vacay abroad
Clipped from: https://www.business-standard.com/finance/personal-finance/travel-insurance-check-these-things-before-taking-that-summer-vacay-abroad-126041601111_1.html With flight disruptions rising amid geopolitical tensions, travellers must check insurance coverage, exclusions, and claim conditions carefully before heading abroad this summer Representative
How a settlement deed secures heirs’ property rights better than a Will | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/how-a-settlement-deed-secures-heirs-property-rights-better-than-a-will-126041601419_1.html By transferring ownership during a settlor’s lifetime, a settlement deed creates a legal ground that can neutralise a conflicting Will Photo: Shutterstock Listen
IBBI proposes rules for out-of-court resolution in bankruptcy cases – Business News | The Financial Express
Clipped from: https://www.financialexpress.com/business/news/ibbi-proposes-rules-for-out-of-court-resolution-in-bankruptcy-cases/4209508/?ref=hometop_hp The IBBI has released a discussion paper on Creditor-Initiated Insolvency Resolution Process (CIIRP) under the IBC Amendment Act 2026. IBBI Proposes Fast-Track Out-of-Court
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